Stock market update: Nifty Bank index falls 1%; Axis Bank sheds over 3%

NEW DELHI: Nifty Bank index was trading with losses at 01:23PM (IST) on Monday.

Shares of RBL Bank (down 4.16 per cent), Federal Bank (down 3.95 per cent), Axis Bank (down 3.54 per cent), Bandhan Bank (down 2.59 per cent) and IndusInd Bank (down 2.53 per cent) were the top losers in the index.

While HDFC Bank (up 1.74 per cent) and Kotak Mahindra Bank (up 0.1 per cent) were among the top gainers.

The Nifty Bank index was trading 1.1 per cent down at 35448.45 around 01:23PM.

Benchmark NSE Nifty50 index was down 207.10 points at 14774.65, while the BSE Sensex was down 798.05 points at 50091.71.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red.

Shares of Vodafone Idea, PNB, IDFC First Bank, Central Bank Ind and Bank of Baroda were among the most traded shares on the NSE.

Shares of Hind Copper, Ratnamani Metal, Vaibhav Global, Aditya Birla Capital and Vedanta hit their fresh 52week high in today's trade, while Sanwaria Consumer Ltd., Silly Monks Entertainment Ltd. and Marine Electricals (India) Ltd. hit fresh 52week low in trade.